Musk and Mayor Emanuel held a press conference on Thursday to announce The Boring Company’s winning bid for an underground high-speed rail between downtown Chicago and O’Hare International Airport.

“This is the fastlane to Chicago’s future,” Mayor Emanuel said.

The line will be called “The Chicago Express Loop,” also known as The X. Pods made by Tesla will travel between 125 – 150 mph, transporting travelers the approximately 16 miles between Block 37 in downtown Chicago to the airport in about 12 minutes. It’s not Hyperloop, but it’s fast — about four times faster than existing public transportation, at least. Read more…